Crypto update – Ethereum and Bitcoin Approach Crucial Juncture

Date:

The price of Bitcoin finds it hard to clear the $23,000 resistance level and crashes below $21,200. Currently, it is showing Crypto update bearish signs of approximately $20,400, down 32% in a week and 8% in a day. Likewise, most leading altcoins are also going down. ETH is trading down the primary $1,150 pivot level. ADA also fell 7% and traded approx $0.48.

Bitcoin price 

After a positive correction, the cost of bitcoin struggled to go beyond the $23,000 and $23,200 resistance levels. According to the latest crypto update, a high was built approx $23,000, plus the cost began a new crash below the $21,200 level. 

On the drawback, the starting support is approximately the $20,250 level. The upcoming ample support is roughly $20,000 zone, under which the cost could go down heavily. 

On the positive side, the initial significant resistance is approximately the $21,200 level.

Crypto update – Ethereum price 

Ethereum cost also found it hard to clear the resistance of $1,250. This cryptocurrency has begun a fresh decline under the $1200 and $1150 levels. Presently, it’s trading at approximately the $1,070 level, with quick support at $1,040.

ETH went down nearly 40% in a week and 12% in a day. Another considerable support is approx $1000, under which the bears might focus on another drop.

XRP, DOGE, SOL, BNB, and ADA Price

ADA (Cardano) began a fresh fall below the $0.50 support. Even the cost traded below the $0.48 level prior to recovering. 

BNB settled under the $220 pivot level. As per the crypto update, it could keep moving down below the $212 level. But, the bulls might attempt to secure the $200 support zone. 

SOL (Solana) trimmed profits and went down over 11%. Its cost is now getting the $30 level. 

DOGE is going towards the $0.0550 support level. Another huge support is approximately the $0.0535 level, under which there is a possibility of moving towards the $0.0520 support zone.

XRP cost is constant above the $0.312 resistance, and the cost is experiencing resistance approx the $0.335 zone. The drawback, the bulls might stay active at approximately $0.300 and $0.305.

Leave A Reply

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Michael Saylor Urges Companies to Replace Bonds with Bitcoin

Michael Saylor, Co-founder and Chairman of MicroStrategy, has once...

Italy’s Intesa Sanpaolo Makes Historic €1M Bitcoin Investment

Italy's largest bank, Intesa Sanpaolo, completed its first proprietary...

Sony’s Soneium Blockchain Faces Backlash Over Memecoin Blacklisting

The launch of Sony's Soneium blockchain has sparked significant...

Historic Shift in Crypto Markets: Bitcoin’s Dominance Shows First Death Cross Since 2020

A significant technical indicator has emerged in the cryptocurrency...